Wondering if someone knows the answer to these tax questions... perhaps @Steven Hamilton II ?If you use a line of credit to finance the purchase of a rental property (not a HELOC), I know the interest is tax deductibl...
has anyone had success claiming a home office deduction in an s corp? I have only a couple of properties generating income and I think I can offset most of my income if I do it properly.
I am running into a problem finding this number.Let's say my property converted from personal to rental in June. I cancelled the regular home owner insurance around June, to purchased a new policy that is rental insu...
I'm about to enter into a 100% seller financed loan and I'm wondering how I need to handle everything to ensure I can still write off the interest on the mortgage note and take advantage of all the other tax deductio...
Hi Guys,I thought I remembered hearing that if you purchase a laptop that will be used for investing, that you can write this off as a tax deduction as long as it is used primarily for investing purposes. I have jus...
So time is running out to lower my taxes next year. I’ve done a couple flips this year that I plan to expense the rehab costs but I was wondering if there are any other things I can do to absorb some of the taxes. I o...
Hey guys I'm going through my tax deductions from this year getting prepped for my schedule E, and I'm not sure what category some of things would be deducted under.Or if I can deduct them at all?-My Bigger Pockets Pr...
Was considering going to the 2019 BP Conference. I own a couple rentals and was wondering if the travel and conference expenses are tax deductible as an educational expense? It wont make or break the decision, but ...
I think I may have made a big rookie mistake. I recently purchased an investment property (a rental) for cash with the expectation of doing a cash out shortly thereafter. Couple months later I did the cash out. ...
Hi, I’m new to BP and am so glad I found this community. I have 3 investment properties and a house in SF that i bought from 2011-2015 and am really eager to start investing outside the Bay Area as the numbers don’t p...